ERRIA Buys APM Terminals

MarineLink.com
Thursday, May 30, 2013
Bien Hoa Container depot operated by ECS has a capacity of 3,500 teus strategically located next to Bien Hoa Industry zone & Binh Duong Industry zone.

ERRIA A/S confirmed that they have acquired APM Terminal´s 51 percent stake in APM Saigon Shipping (APMSS).


APM Saigon Shipping (APMSS) is an inland container services company with about 300 employees, which annually handles and maintains approximately 350,000 containers in Vietnam.


APMSS is a 51/49 Joint Venture with "Saigon Shipping J/S Company”, where ERRIA has had a 34 percent ownershipfor more than 10 years.


ERRIA's ambition is to expand the strong position that APMSS has built up over more than 20 years and continue to serve existing customers of international container transport of which Maersk Lineis the largest.


As of today, the company is renamed "ERRIA Container Services" (ECS), and the existing General Manager, Le Ahn Tuan, remains unchanged. The new Chairman of (ECS) will be CEO Henrik N. Andersen, of ERRIA A/S.


”This transaction provides ERRIA with significant and immediate growth and ensures that ERRIA execute on its strategic ambition to grow as announced at the Annual General Meeting in April. We are excited about this long-term investment in Vietnam. Through "ERRIA Container Services" (ECS), we have found a company with the same values and an excellent management team" said CEO Henrik N. Andersen, ERRIA A/S.

 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

Obituary: Yacht Designer Jörg Beiderbeck

Jörg Beiderbeck, recognized as a figure among the world’s top megayacht designers, has passed away at the age of 69 on the evening of Sunday, August 2, at his home in Bremen-Vegesack,

Container Ships

Pentalver Opens London Container Facility

U.K. inland container service operator Pentalver opened a new five-acre site at the U.K.’s newest deep sea container port, DP World London Gateway, the London Port Authority announced.

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

Diana Charters Containership to Maersk

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk

Mergers & Acquisitions

GasLog Orders Two LNG Carriers

GasLog Ltd. today announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co., Ltd. ("Hyundai") in South Korea.

Contship Italia Signs Iran MoU

Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO),

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1952 sec (5 req/sec)